cliff kupchan, welcome back to the "newshour". let's talk about the standard & poor's downgrading of the russian credit status. what does that really mean for russia? >> means the russian economy is not doing well. the report made clear capital flight from russia is in full stampede. the s&p told us on average for the previous five years, $51 billion a year roughly has left russia. in the first quarter alone of 2014 between $50 billion and $60 billion has left. growth is anemic. russia is running deficits. they're not doing much to improve the economy. >> reporter: who is that affecting inside russia? some of the leadership? ordinary people? >> right now, i think it's a muddling down for the ordinary person. real disposable income which measurers how much a person has to spend was growing consistently at high rates till last year where it was at 1.9%. so the first victim of all of this is going to be the ordinary russian, not the fat cat with money all over the world. >> woodruff: and now, in fact, minutes before we went on the ai